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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (21282)	7/26/2002 12:26:47 PM
From: KevinThompson	Read Replies (2) \| Respond to of 26752

Seeing nas fut breaking the lower rising trendline on 5min and 15min

To: Susan G who wrote (21282)	7/26/2002 12:31:15 PM
From: Sully-	Read Replies (1) \| Respond to of 26752

10:16 ET Deutsche Securities cautious on semi equipment names : In contrast to Goldman's semi equipment upgrade this morning (8:08), Deutsche Securities issued a more cautious outlook before the open; firm says stocks have moved from "expensive" to "reasonably valued", but still not "washed out"; analysis suggests 30-40% more downside until "back up the truck" levels that are irrespective of fundamentals (exceptions are BRKS and CMOS, which are trading below trough levels); also, checks suggest substantial falloff in month of July and capex cuts seem to be accelerating and coming in larger chunks.